Economy soars 5.7 percent in Q4, fastest in 6 years

[Nbadan]

You want a Federal govt. that protects the little guy from the big guy...that's the biggest thing Obama forgot in his first year...

[Marcus Bryant]

Obama works for "the big guy."

[coyotes_geek]

The trick is not neccessarily to pay down the debt, you want some debt for security and stability reasons, but you don't want too much debt......for instance, if we are collecting 2.5 trillion dollars in Federal taxes today, and you increase revenue generation, and as a result, taxes and get that total to $3.0 trillion , then a $600b dollar annual interest debt doesn't hurt as much, but the economy has got to continue to grow at a steady rate of between 2-3%...any faster than that signals watch out! ...inflation ahead

The problem with your logic is that when you're running trillion dollar deficits, and extra 500 billion in tax revenue doesn't help you. Also, that $600 billion number of annual interest payments is just going to keep growing and growing and growing as we continue to rack up more debt and have to pay higher interest rates on that debt.

Compounding the problem is that cash flow in the social security trust fund will go negative within the next 10 years which means they'll have to start thinking about cashing in some of the trillions of dollars worth of treasury notes that they hold. Since the treasury doesn't have the cash to cover those notes, they'll have to go borrow money to repay the trust fund, which will make it even harder to control deficits.

[Nbadan]

The problem with your logic is that when you're running trillion dollar deficits, and extra 500 billion in tax revenue doesn't help you. Also, that $600 billion number of annual interest payments is just going to keep growing and growing and growing as we continue to rack up more debt and have to pay higher interest rates on that debt.

That's why you pay down the debt during expansion years, but not in recesion or crawling out of one...that's nuts...

[Nbadan]

Obama works for "the big guy."

That's exactly the message liberal-minded independent voters in Virginia, and Massacusettes where sending...only time will tell whether Obama will follow through on his populist Progressive agenda he outlined in the STU..

[Marcus Bryant]

That's some spin. The Democrats are now the party of Wall Street and DC. No amount of posturing and lecturing is going to change that. Or, William Jennings Obama needs to hang it up.

[coyotes_geek]

That's why you pay down the debt during expansion years, but not in recesion or crawling out of one...that's nuts...

I agree with you about paying down debt during expansion years, but trillion dollar defecits are nuts under any cir stances.

[doobs]

LOL @ the delusional "Obama was insufficiently liberal" explanation for the Massachusetts debacle.

[Winehole23]

LOL @ the delusional "Obama was insufficiently liberal" explanation for the Massachusetts debacle.

Judging from the very liberal republican they elected, I can actually believe that.

[Winehole23]

If Christmas had been up 5.7%, it wouldn't have been such a surprise.

[doobs]

Judging from the very liberal republican they elected, I can actually believe that.

You're not serious. Did you pay attention to what Brown and Coakley were saying during the campaign?

41, 41, 41, 41, 41 . . .

[spursncowboys]

You're not serious. Did you pay attention to what Brown and Coakley were saying during the campaign?

41, 41, 41, 41, 41 . . .

Not to mention the liberal's citizens of the world deserve cons utional rights.